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the biden offer has this in it
the biden offer has this in it
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>> well, joe biden and mitch mcconnell are older school politicians. they remember a time when compromise was how you close deals like this. and there are a lot of, i guess, mostly younger members up there who don't remember that time. they view their job is to go to washington and create conflict and have grid lock. that doesn't mean that their caucuses will certainly be with them. that is no surprise to me that vice president joe biden is talking with them. it is not a slam dunk, i suspect it will, especially if it passes the senate with a significantly bipartisan vote. you have some real deal makers. >> what do you think that this really means in your opinion, to the average american taxpayer? whether, you know, with the threat we may go over the cliff, and now we may really not. what difference did this really, really mean and if you could put it in plain words for us who are not economists, just explain what it means for all of us? >> well, first of all it means that if you're someone who is a beneficiary of long-term unemployment benefits, you're
>> well, joe biden and mitch mcconnell are older school politicians. they remember a time when compromise was how you close deals like this. and there are a lot of, i guess, mostly younger members up there who don't remember that time. they view their job is to go to washington and create conflict and have grid lock. that doesn't mean that their caucuses will certainly be with them. that is no surprise to me that vice president joe biden is talking with them. it is not a slam dunk, i...
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>> you heard vice president biden. the white house has put forth a deal and gotten some republicans is in leadership so go along with this. is a big step. we're going to see the republican party rear its ugly head and see how rogue they want to be in going against the majority of americans. very clear. you look at every poll out there protect social security, medicare, medicaid. in this round, that's exactly what the white house did. republicans want to go against that, they have to deal with it in 2014. they want the wealthiest americans to pay for. that's what will happen in this deal. republicans will have to deal with that down the road this will bring more money into the treasury and won't hurt the middle class. the middle class has been protected in this deal and that's exactly what the president said he would do all along. and this is a monumental move by the republicans if they vote for this, there will only be two republicans that ever voted for a tax increase. for the president to keep this, is it's dig deal.
>> you heard vice president biden. the white house has put forth a deal and gotten some republicans is in leadership so go along with this. is a big step. we're going to see the republican party rear its ugly head and see how rogue they want to be in going against the majority of americans. very clear. you look at every poll out there protect social security, medicare, medicaid. in this round, that's exactly what the white house did. republicans want to go against that, they have to deal...
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in attendance will be vice president joe biden. is it going to be difficult to sell your party on this deal? >> well, i think that we're going to come together in about an hour as a democratic caucus and hear the vice president out. there are a lot of good things in this bill that make sense and that i think it will ultimately earn the overwhelming majority of house democratic votes. we made sure that as we committed throughout this last campaign that we would not allow taxes to increase on 98% of americans that's in this deal. we made sure that we pushed off a really significant slashing of defense spending as well as domestic spending and we'll make sure going forward that whatever deal we do reach on those spending cuts is balanced when it comes to both revenue and spending cuts. and that's the overall -- overriding commitment here is we have a balanced plan in front of us and we'll need to -- any further deals made in the future continue to have a balanced plan. >> there are some in your party who don't like this plan. senator
in attendance will be vice president joe biden. is it going to be difficult to sell your party on this deal? >> well, i think that we're going to come together in about an hour as a democratic caucus and hear the vice president out. there are a lot of good things in this bill that make sense and that i think it will ultimately earn the overwhelming majority of house democratic votes. we made sure that as we committed throughout this last campaign that we would not allow taxes to increase...
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vice president biden also here at the white house. he can of course be an incredibly important player in this entire process. president obama's strategy has to some extent been to wage a public campaign putting the pressure on congress to get something done during that exclusive interview earlier today you heard the president accuse republicans of being solely focused on protecting the taxes of wealthier americans. of course, president obama wants to see the bush era tax cuts extended for those making $250,000 or less while letting it raise on those making more than that. that $250,000 figure is up for debate and is up for compromise. i can tell you that republican leaders on the hill fired back saying he was more interested on assigning blame than getting something done and leading while they are trying to hammer out a deal. that is where things stand right now at the white house. clearly watching these developments quite closely. >> kristen welker, thank you. we will be checking back throughout the afternoon, as well. nchlts for mor
vice president biden also here at the white house. he can of course be an incredibly important player in this entire process. president obama's strategy has to some extent been to wage a public campaign putting the pressure on congress to get something done during that exclusive interview earlier today you heard the president accuse republicans of being solely focused on protecting the taxes of wealthier americans. of course, president obama wants to see the bush era tax cuts extended for those...
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yet you see vice president biden on the hill yesterday dealing with the fiscal cliff. if you're going to have two more months of positioning on the fiscal cliff, how deep does the president go on that or does he go on immigration or gun control or energy which he said yesterday is another priority in his state of the union speech and really push? because the white house has to prioritize and right now the economy continues to be the number one priority for the foreseeable future. >> jill, if this fiscal cliff bill does get done is the new congress going to be more or less likely to work with the president on his second term agenda? >> well, the president is going to have more senators to work with, 55 as opposed to 53. that doesn't mean he'll have an easy time of it because republicans can block anything they want in the senate. it depends on what lessons if any republicans took from the election. i do think that the principle gap is very deep and so i'm not sure that we're going to see a kumbaya situation. but as i say, there are some advantages for republicans in mak
yet you see vice president biden on the hill yesterday dealing with the fiscal cliff. if you're going to have two more months of positioning on the fiscal cliff, how deep does the president go on that or does he go on immigration or gun control or energy which he said yesterday is another priority in his state of the union speech and really push? because the white house has to prioritize and right now the economy continues to be the number one priority for the foreseeable future. >> jill,...
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mcconnell and joe biden. so there's an indication of how things are going. >> you wrote that democrats are hesitant to put a deal on the senate floor with no republican backing, because it just offers them a chance to score political points when public opinion does seem to be favoring the democrats. democrats don't have an incentive to waste a show of support for something that can't pass, right? >> that's exactly where democrats are. they feel like they want to get a deal with republican backing, if they can. but remember on friday, the president kind of put republicans in a box. he said either cut a deal in the senate and push it through, or i'm going to ask harry reid to put my scaled back plan on the senate floor. and remember that scaled back plan has tax increases for everybody who makes over $250,000, which republicans don't love at all. i'll have harry reid put that on the floor and you'll have to block it. and you will have to then take responsibility for not pushing it through. so republicans are a
mcconnell and joe biden. so there's an indication of how things are going. >> you wrote that democrats are hesitant to put a deal on the senate floor with no republican backing, because it just offers them a chance to score political points when public opinion does seem to be favoring the democrats. democrats don't have an incentive to waste a show of support for something that can't pass, right? >> that's exactly where democrats are. they feel like they want to get a deal with...
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the democrats are said to be going in now and that vice president joe biden who, of course, was key in making the senate deal happen, will be in that caucus, we're told. big questions, though, still outstanding. when might the house vote on this deal? can speaker boehner come up with the votes to pass it? or will republicans try to amend it and end send it back. good day. happy new year. i'm chris jansing. there are a lot of moving parts on capitol hill. let's get right to nbc's luke russert who is on the hill and where things stand. first, let's listen into the start of this session. >> the speakers are in washington d.c., january 1, 2013. i hereby hereby appoint the honorable robert j. dole to act as speaker in temporary on this day, signed john a. boehner, speaker of the house of representatives. >> the prayer will be offered by our chaplain father conroy. >> let us pray. eternal god, we give you thanks for giving us another day, a new year. the political struggles of the past year have revealed the divisions that exist in our nation. there are many american citizens who are angry,
the democrats are said to be going in now and that vice president joe biden who, of course, was key in making the senate deal happen, will be in that caucus, we're told. big questions, though, still outstanding. when might the house vote on this deal? can speaker boehner come up with the votes to pass it? or will republicans try to amend it and end send it back. good day. happy new year. i'm chris jansing. there are a lot of moving parts on capitol hill. let's get right to nbc's luke russert...
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vice president biden has worked very hard to come to a compromise. by definition, a compromise has elements in it that each party does not like. but by definition, it has things in it that each party should like. the speaker said that if the senate passed a bill he would put it on the floor for a vote. the leader has pointed out that we expect that to happen. we think that's the best interest of the american people. we hope that our colleagues on the other side of the aisle can reach compromise. our members are reviewing the specifics of the compromise that has been reached to determine whether they can support that compromise. i'm hopeful this congress will, as one of its last acts, act not only on this compromise, but i'm also very hopeful and would expect that we would provide the emergency assistance needed for the victims of sandy. one of the country's worst storms in history that damaged the northeast so badly. so, i'm hopeful we will be able to move on both of these issues and that we will have members on both sides who perhaps will not agree,
vice president biden has worked very hard to come to a compromise. by definition, a compromise has elements in it that each party does not like. but by definition, it has things in it that each party should like. the speaker said that if the senate passed a bill he would put it on the floor for a vote. the leader has pointed out that we expect that to happen. we think that's the best interest of the american people. we hope that our colleagues on the other side of the aisle can reach...
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so, again, vice president biden heading to the hill. just three hours until we head over the fiscal cliff. the large concern here is the impact that going over the cliff would have on the economy. now economists say look, it's not going to be a windfall on wednesday. it's not going to be a complete disaster all at once. but what could happen is that the markets could begin to respond on wednesday. they're closed of course tomorrow for the holiday. and then over time, the average american could wind up paying about $2,000 more in their taxes. and if we went over the cliff and stayed over the cliff for a significant amount of time, the economy could eventually begin to dip back into recession. and that is really the big concern here. you've heard president obama talk about those concerns when he has held some of these public campaign events. he held one today to pressure congress to act. he has talked about the fact that this is a really about americans and the economy and preventing the economic recovery from being harmed. milissa? >> kr
so, again, vice president biden heading to the hill. just three hours until we head over the fiscal cliff. the large concern here is the impact that going over the cliff would have on the economy. now economists say look, it's not going to be a windfall on wednesday. it's not going to be a complete disaster all at once. but what could happen is that the markets could begin to respond on wednesday. they're closed of course tomorrow for the holiday. and then over time, the average american could...
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if there were to be a deal, of course, biden has been deeply involved since yesterday. when mitch mcconnell reached out to him. that's where it stands rielgts now. chris, part of this, we talked a little bit about procedure. the senate can do just about anything it wants if every senator just agreed to do this lickety-split, that is a huge stretch. at that point, all bets are off. mitch mcconnell has got to get on the same page as john boehner on the house 06 representatives. mcconnell is not going to walk the political bank. so a lot of variables here. the plan, all along, was for the senate to pass this thing and therefore, sort of box in the house. john boehner could present it to his gop conference, his conservatives and say, look, this is the only deal we can get. however, as you report it, it's quite clear now that technically, at least, we're going to be going over that cliff. the house, while they say they could call themselves back into session at any moment for all intense and purposes, they're gone until noon tomorrow. house leaders, their aides say tomorrow
if there were to be a deal, of course, biden has been deeply involved since yesterday. when mitch mcconnell reached out to him. that's where it stands rielgts now. chris, part of this, we talked a little bit about procedure. the senate can do just about anything it wants if every senator just agreed to do this lickety-split, that is a huge stretch. at that point, all bets are off. mitch mcconnell has got to get on the same page as john boehner on the house 06 representatives. mcconnell is not...
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. >> you mentioned vice president biden swooping in at the last minute like superman and being able to secure this deal and that's certainly the perception a lot of people had. we heard mitch mcconnell speaking on the floor and he said this shouldn't have taken this long. certainly, there have been discussions about this for months. so in terms of the political drama that was playing out behind the scenes, how did this happen this waif? all of the sudden, at the 11th hour, well passed the 11th hour, we're voting at two in the morning on this measure. >> well, just as the way things happen in congress. nobody does anything until their back is completely against the wall. and i've got to say, maura, it's not all said and done for all the reasons we've outlined. the house of representatives still has to act. there could yet be some hiccups if not major explosions along the way here. but, you know, i mean, in order for people to come together, they've really got to have their backs up against the wall. and if you can say one thing, one remarkable thing about what's happening here on the se
. >> you mentioned vice president biden swooping in at the last minute like superman and being able to secure this deal and that's certainly the perception a lot of people had. we heard mitch mcconnell speaking on the floor and he said this shouldn't have taken this long. certainly, there have been discussions about this for months. so in terms of the political drama that was playing out behind the scenes, how did this happen this waif? all of the sudden, at the 11th hour, well passed the...
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vice president joe biden taken the lead in the talks. negotiating with senate minority leader mitch mcconnell. they spoke and narrowed down the differences. among the points with headway, the tax hike threshold, the estate tax and extending unemployment benefits. the remaining sticking point is rumored to be the automatic spending cuts. collectively called the sequester you have been hearing about poised to kick in tomorrow. let's get to nbc white house correspondent kristen welker there for us. what was the point here? the president decided to come out and that bully pulpit can be a powerful weapon. >> reporter: certainly can be. good afternoon to you, t.j. the president using the bully pulpit. this is a part of the pressure on congress but also democrats who might be skeptical of this compromise that is coming to fruition so he came out today with middle class americans standing behind him and made the argument if we do, in fact, go over the cliff, if the steep tax hikes and spending cuts kick in to effect tomorrow, that the average am
vice president joe biden taken the lead in the talks. negotiating with senate minority leader mitch mcconnell. they spoke and narrowed down the differences. among the points with headway, the tax hike threshold, the estate tax and extending unemployment benefits. the remaining sticking point is rumored to be the automatic spending cuts. collectively called the sequester you have been hearing about poised to kick in tomorrow. let's get to nbc white house correspondent kristen welker there for...
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i mean, in the end, it became mitch mcconnell and joe biden. the majority of lawmakers essentially cut out of the process, including, arguably, the speaker. so, how can things be done differently if you're going to do things like getting the debt ceiling taken care of, like figuring out the sequester? >> well, this was a unique situation because we did have the fiscal cliff and we had a lame duck congress. what i think we have to start trying to do is return to what's called around here regular order. there really is no such thing in this congress. but what that means is that the committees actually consider the bills. and the thing that is really the challenge for us is to get republicans and democrats to be working on these committees, talking about the different issues and trying to come up with some compromises. right now, it's just an all-or-nothing proposition, and the republicans have the majority in the house and it's their way or the highway. the senate filibuster is a big impediment. and in the old days that people speak about with so
i mean, in the end, it became mitch mcconnell and joe biden. the majority of lawmakers essentially cut out of the process, including, arguably, the speaker. so, how can things be done differently if you're going to do things like getting the debt ceiling taken care of, like figuring out the sequester? >> well, this was a unique situation because we did have the fiscal cliff and we had a lame duck congress. what i think we have to start trying to do is return to what's called around here...
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joe biden is saying, yeah, 2016. maybe. >> he is not going through the ritual of saying -- he is clearly it does interest me. it's hard to -- i would separate this from presidential politics. as hard as that is for somebody like us. >> come on. it's tough. i do think this represents the fact that at the end of the day particularly in your intense dead looirn situation personal relationships do matter. two men that have been in the senate and know each other. i don't know of if i particular affection, they know each other and they know what makes the other tick. they know what the other incentives are. the personal relationships can matter. there's no question. i think it will give sort of credibility to joe biden's standing, and they will show the value of that kind of institutional knowledge and seniority. >> they say it's the deal and it's the program meter is 450,000 with an extension of the patch in amt and extension of unemployment benefits and all these sorts of things. are both sides able even if they're not r
joe biden is saying, yeah, 2016. maybe. >> he is not going through the ritual of saying -- he is clearly it does interest me. it's hard to -- i would separate this from presidential politics. as hard as that is for somebody like us. >> come on. it's tough. i do think this represents the fact that at the end of the day particularly in your intense dead looirn situation personal relationships do matter. two men that have been in the senate and know each other. i don't know of if i...
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even vice president biden might come over if they're close to a deal. more narrow issues are still dividing them. they've maid a lot of progress. they're just not there yet. milissa? >> i'm glad you just described that to us all about the mood in the senate tonight. correct me if i'm wrong, it almost sounds hopeful there. >> is a sense it's worth staying here and they're looking at these details. at the same time people are tired there are some frustrations there is a sense they could have gotten this done sooner. you hear that plenty. but those who have been at the table and looking at this do see compromise that has happened on both sides. you have republicans and democrats who made big compromises on taxes. the president moving up from his $250,000 threshold to 400 and 450 for individuals and couples. and republicans who wanted to see no tax increases for any level did agree, at least at this stage, that they would support tax increases. i say at this stage because this agreement should it happen then has to be voted on of course by the full senate a
even vice president biden might come over if they're close to a deal. more narrow issues are still dividing them. they've maid a lot of progress. they're just not there yet. milissa? >> i'm glad you just described that to us all about the mood in the senate tonight. correct me if i'm wrong, it almost sounds hopeful there. >> is a sense it's worth staying here and they're looking at these details. at the same time people are tired there are some frustrations there is a sense they...
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that's vice president joe biden. mcconnell and biden reportedly spoke several times by phone throughout the night after talks with harry reid came to a halt. welcome back, everyone, to "morning joe." that's the latest. ed rendell and jeffrey sachs all with us along with sam stein and michael steele in washington. joining us also in washington, senior national correspondent for "bloomberg businessweek," joshua green. and joshua, before we go on to what led to this doomsday scenario that we're facing right now, which was all set up by lawmakers in washington, talk to me about what businesses are looking for and wall street is looking for. there will be reaction. there's always this discussion about the need for certainty. at best, we're going to get some sort of small deal that puts everything off, which makes this whole deadline make no sense. are businesses going to respond well to that? >> if we get a deal, yes. i mean, wall street all along has been looking to avert the fiscal cliff. and frankly, i don't think ceos
that's vice president joe biden. mcconnell and biden reportedly spoke several times by phone throughout the night after talks with harry reid came to a halt. welcome back, everyone, to "morning joe." that's the latest. ed rendell and jeffrey sachs all with us along with sam stein and michael steele in washington. joining us also in washington, senior national correspondent for "bloomberg businessweek," joshua green. and joshua, before we go on to what led to this doomsday...
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it's led by joe biden. he has already convened it twice. he has met with law enforcement officials, with mayors, and more excitingly, you've got people on the hill already announcing bills that are going to put forward on day one of the new congress. we've got senator feinstein proposing an assault weapons ban. we've got someone else with a high capacity ammunition clips. think it's maybe lautenberg, and you have the president publicly saying now that he supports those bills. this is the most momentum to date. this is the most we're going to see for a while. they have to build now or go home. >> that's the question. we go back to the question of capitol hill gridlock, and as much as people want to sort of talk about the issue and it makes everyone feel good to say they're on the right side of the issue, but can something like this get through the house of representatives? >> two dirty secrets. the first one is the white house before the election is actually going to do something on gun control if he got re-elected. second dirty secret is yo
it's led by joe biden. he has already convened it twice. he has met with law enforcement officials, with mayors, and more excitingly, you've got people on the hill already announcing bills that are going to put forward on day one of the new congress. we've got senator feinstein proposing an assault weapons ban. we've got someone else with a high capacity ammunition clips. think it's maybe lautenberg, and you have the president publicly saying now that he supports those bills. this is the most...
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that joe biden, the negotiations with mitch mcconnell essentially borne fruit. republicans annoyed with that. the tax threshold, that's agreed upon. republicans agree, too. what about this sequester? supposed to be the trigger, supposed to be the apocalyptic scenario that made cuts in spending necessary. otherwise we go over the cliff and there are cuts to defense and domestic programs. the president wants to delay them two months, three yearmonta year. many republicans say, absolutely not. many were angry he chose to have a campaign-style event in the white house complex. mitch mcconnell took the floor of the senate and pretty much calling the president's bluff saying, yes, we have an agreement on taxes. let's go ahead and vote on that. leave the sequester the way it is. that's not going to fly. we have an impasse here. there have been reports that the house of representatives to take whatever passes the senate if something passes and do it a minute after midnight. that scenario of steve and i and all of us talking about voting to cut taxes or not. i'm told rec
that joe biden, the negotiations with mitch mcconnell essentially borne fruit. republicans annoyed with that. the tax threshold, that's agreed upon. republicans agree, too. what about this sequester? supposed to be the trigger, supposed to be the apocalyptic scenario that made cuts in spending necessary. otherwise we go over the cliff and there are cuts to defense and domestic programs. the president wants to delay them two months, three yearmonta year. many republicans say, absolutely not....
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biden and mcconnell do know how to speak to each other. and i think if they get 75 or 80 votes in the senate for what they come up with, and you know what? they're not that far apart on this fix, if you will. basically, they seem to be divided on whether to buy down the sequester. but they're not that far apart. and if they get 75 or 80 votes, that's going to mean 30 to 35 republicans. boehner has to put it on the floor. and boehner doesn't have to -- boehner really doesn't have to support the deal, but he does have to put it on the floor, and it will pass. >> michael steele, take it to robert gibbs. and it's great that some of these people can talk to each other, but they still have to go back to those who don't want to play ball, correct? >> that's exactly right. and that's the reality that we've lived with. and i think chuck has put a really interesting political identifier on this thing. this play should have probably always have started in the senate with mcconnell as opposed to relying on the house, given the fractured nature of the
biden and mcconnell do know how to speak to each other. and i think if they get 75 or 80 votes in the senate for what they come up with, and you know what? they're not that far apart on this fix, if you will. basically, they seem to be divided on whether to buy down the sequester. but they're not that far apart. and if they get 75 or 80 votes, that's going to mean 30 to 35 republicans. boehner has to put it on the floor. and boehner doesn't have to -- boehner really doesn't have to support the...
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that's why biden is here on capitol hill. so with that mindset, they're moving forward in these talks and they're more than happy to have more fights over the debt limit, more fights over government funding which they think can elicit more of what they want from the president. now, democrats say, okay, we're getting a big concession with the $400,000, but president obama is smart in this case. he's going to get the tax threshold that he wants from republicans, and instead of giving them the cuts he had already promised boehner in the talks before, upwards of $1 trillion in social security and medicare, he can come back around and do that during the debt limit negotiations so he's essentially going to win out. remains to be seen whether or not that holds true and whether or not we get to your broader point, the country wants to go through another one of these in just a few months. >> luke russert, thank you. mike viqueira, kristin welker. help new year. >> happy new year. >>> when we come back, the latest on secretary of state
that's why biden is here on capitol hill. so with that mindset, they're moving forward in these talks and they're more than happy to have more fights over the debt limit, more fights over government funding which they think can elicit more of what they want from the president. now, democrats say, okay, we're getting a big concession with the $400,000, but president obama is smart in this case. he's going to get the tax threshold that he wants from republicans, and instead of giving them the...
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president obama, vice president biden, mcconnell, pelosi and reid and boehner are meeting to discuss the fiscal cliff. we are hearing the president's planning to present a smaller offer. for the latest, we bring in peter alexander from the white house and mike viqueira from capitol hill. peter, let's talk about what's going on at the white house meeting. i hear senators are optimistic about a mini deal which, of course, will raise taxes on those above $400,000. expand the amt, cut some spending. what are you hearing? >> reporter: well, hearing a lot of different things right now. one of the items and ruled by rumor and then denials and frustrations, toure. we know that we saw senators mcconnell and reid arriving a short time ago. we didn't pelosi and boehner arrive yet but the vice president joe biden got here a short time ago, as well. there's other reporting from the hill right now about the potential that the president is going to return to what was basically his original outlined plan. perhaps a smaller plan but a plan where the threshold would be set closer to $250,000 as he ini
president obama, vice president biden, mcconnell, pelosi and reid and boehner are meeting to discuss the fiscal cliff. we are hearing the president's planning to present a smaller offer. for the latest, we bring in peter alexander from the white house and mike viqueira from capitol hill. peter, let's talk about what's going on at the white house meeting. i hear senators are optimistic about a mini deal which, of course, will raise taxes on those above $400,000. expand the amt, cut some...
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certainly joe biden comes out 06 this looking great. he came in sort of his superman of the underdog flying in at the last minute to save the day. the president, a mixed bag although he really played his hand to the maximum. a lot of people looked at this and thought he learned his lessons from previous perusing budget battles, health care battles, stimulus battles and republicans in congress and really had them in a corner, had them boxed in really well. however, some of his supporters, you already hear them expressing a great deal of dismay.
certainly joe biden comes out 06 this looking great. he came in sort of his superman of the underdog flying in at the last minute to save the day. the president, a mixed bag although he really played his hand to the maximum. a lot of people looked at this and thought he learned his lessons from previous perusing budget battles, health care battles, stimulus battles and republicans in congress and really had them in a corner, had them boxed in really well. however, some of his supporters, you...
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we also know as you see him arriving only a matter of hours ago that the vice president, joe biden, has been meeting in the white house, as well. but at this point, that's where things stand with barely 100 hours until we reach this deadline. luke? >> absolutely unbelievable. at least bo obama came back with the president there. thanks so much for being on the show. we appreciate it. >>> we're five days away and john boehner has released the house telling the senate it's up to them to come up with a deal that his chamber will pass. paul contain, chris frazier, they both join me now. paul, i want to start with you. one thing that we all seem to be hearing is that -- and the markets start to tank, it will spur these guys to figure out some sort of deal. >> dow jones had a three-month chart that showed where the dow has been. we see there, went down, up, now it's steadily going down towards since plan b failed. do you think that's the only hope of getting a deal. >> it's not the only hope, but it has been sort of a missing actor for the last five or six week. that when it started going bac
we also know as you see him arriving only a matter of hours ago that the vice president, joe biden, has been meeting in the white house, as well. but at this point, that's where things stand with barely 100 hours until we reach this deadline. luke? >> absolutely unbelievable. at least bo obama came back with the president there. thanks so much for being on the show. we appreciate it. >>> we're five days away and john boehner has released the house telling the senate it's up to...
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you have worked with vice president biden. as you know, he's been called on by mitch mcconnell to help with these last-minute talks. what do you think his role is now with so little time left? >> well, the vice president goes way back with senator mcconnell, and i've been in the room when they have talked, and it doesn't sound like two partisans separated by deep ideology. it sounds like guys who know how to bang out a deal. that said, if that were up to them perhaps they could get somewhere, but there are so many other forces swirling around this right now. i'm kind of in the same camp as kristen and the other political analysts we just heard from. if we are starting to hear things getting further apart rather than closer apart at this late date, i don't know that a decades old friendship between a couple of senators -- former senator and current one are going to make that much difference at this point. >> paul, let me play for you what senator lindsey graham said this morning on "fox news sunday" about the chances of a small
you have worked with vice president biden. as you know, he's been called on by mitch mcconnell to help with these last-minute talks. what do you think his role is now with so little time left? >> well, the vice president goes way back with senator mcconnell, and i've been in the room when they have talked, and it doesn't sound like two partisans separated by deep ideology. it sounds like guys who know how to bang out a deal. that said, if that were up to them perhaps they could get...
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joe biden does not often serve in his capacity as president of the senate. but today was ditch. today joe biden had an incredibly important job to fulfill. >> do you solemnly swear to support and defend the constitution of the united states against all enemies, foreign and domestic, that you will bear true faith and allegiance to the same, that you take this obligation freely without any mental reservation or purpose of evasion, and that you will well and faithfully discharge the duties of the office upon which you're about to enter, so help you god? >> i do. >> congratulations, senator. >> thank you. >> and welcome. >> congratulations, senator. stayed the united states senate got a brand new member. democratic -- democrat brian schatz of hawaii. senator schatz was appointed by hawaii's governor last night to fill the vacant seat of senator daniel inouye, who passed away a week ago. brian schatz got on air force one late last night. he touched down in washington early this morning. and he was a senator by this afternoon. that is a big day. so senator schatz, welcome to washingto
joe biden does not often serve in his capacity as president of the senate. but today was ditch. today joe biden had an incredibly important job to fulfill. >> do you solemnly swear to support and defend the constitution of the united states against all enemies, foreign and domestic, that you will bear true faith and allegiance to the same, that you take this obligation freely without any mental reservation or purpose of evasion, and that you will well and faithfully discharge the duties...
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vice president biden is in charge of that task force. they've been given a deadline of january to present ideas to the president. the president gives his state of the union address in early february. and then it's off to the races and trying to get something done. so the idea that the president isn't going to push hard on doing something about gun safety, gun control, however you want to talk about it i think is a little bit ludicrous. julian and james, thanks very much. >> thank you. >> happy new year. >> stay with us. much more ahead. >> many new year. >> happy new year. in this country we say happy new year. >> ha, ha, ha, ha! safety, gun control, however you in this country we say happy new safety, gun control, however you in this country we say happy new >>> stay with us. the day's "top lines" are coming up. ♪ i heard somebody say ♪ burn, baby burn ♪ disco inferno ♪ burn, baby burn >>> fireworks and old friends, champagne toasts and resolutions. oh, and that dreaded fiscal cliff. here are today's "top lines." countdown to sk
vice president biden is in charge of that task force. they've been given a deadline of january to present ideas to the president. the president gives his state of the union address in early february. and then it's off to the races and trying to get something done. so the idea that the president isn't going to push hard on doing something about gun safety, gun control, however you want to talk about it i think is a little bit ludicrous. julian and james, thanks very much. >> thank you....
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bernstein, msnbc contributor and former chief economist and economic policy adviser to vice president joe biden. that's just some of the details as you so well know here but let's remind ourselves, though, of this word that we have been using. that was termed by mr. bernanke. he called it a cliff. but really -- >> right. >> it is like falling down stairs, isn't it? >> right. more so a staircase or a slope in the sense that some of the damage you just described actually takes a while to arrive and if congress is able to quickly reverse the cliff dive, it could be more and i have heard folks use this, more of a bungee yump to get back up to the cliff. >> at the end of the day, right. >> the tax increases you noticed, these are tax increase that is are fazed in over the course of 2013. so it's not until april 2014 when you're filling out the tax bill for the prior year that you would be looking at some of the increases you just described. now, a couple of nuances, though. the payroll tax cut that's been in effect, the 2% on your paycheck of a payroll tax break, that does go away right away. and pe
bernstein, msnbc contributor and former chief economist and economic policy adviser to vice president joe biden. that's just some of the details as you so well know here but let's remind ourselves, though, of this word that we have been using. that was termed by mr. bernanke. he called it a cliff. but really -- >> right. >> it is like falling down stairs, isn't it? >> right. more so a staircase or a slope in the sense that some of the damage you just described actually takes a...
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vice president joe biden will be there. while some appear ready to compromise others are still ducking, dodging, trying to dump the blame elsewhere. >> we all have our ideas and in the senate, you're right. we probably another 40, 50, 60 of saying that we're ready to both raise revenues and control entitlements. when's the missing ingredient? it is presidential leadership. >> i think in the end we'll get a deal. the question is the timing. >> am hopeful there will be a deal that avoids the worst parts of the fiscal cliff, namely taxes going up on middle class people. >> it's pretty apparent that we are not going to do what we've been called to do. this is 112th congress. we have had two years to deal with quote the fiscal cliff. >> let's bring in our man at the white house, peter alexander standing by. pete, we just got word the president it appears is making some sort of smaller offer at this 3:00 meeting. any idea what smaller might mean? >> reporter: it's a good question, craig. actually kelly o'donnell reporting some mo
vice president joe biden will be there. while some appear ready to compromise others are still ducking, dodging, trying to dump the blame elsewhere. >> we all have our ideas and in the senate, you're right. we probably another 40, 50, 60 of saying that we're ready to both raise revenues and control entitlements. when's the missing ingredient? it is presidential leadership. >> i think in the end we'll get a deal. the question is the timing. >> am hopeful there will be a deal...
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on sunday morning mitch mcconnell calls joe biden. they get together, offers are traded back and forth, and presto, voila, they come up with a deal and they put it on the floor and it sets those thresholds at $400,000 and $450,000 and it's passed at 2:00 last night and so it comes to the house republicans who have met all morning. joe biden incidentally was back on the hill this morning meeting behind closed doors with democrats who are pretty much bystanders to a republican political train wreck at this point. nancy pelosi says the bill representing gigantic progress, that's fine, but this is really on republicans right now. and people are looking at it, i'm already hearing people looking at what house republicans are doing and saying, look, you abdicated your responsibility to write a bill. you punted over to the senate, and now you're going to throw a monkey wrench into this whole thing and make us come back perhaps in a new congress with a clean legislative slate. so it is a very dangerous not only economic situation here that we'
on sunday morning mitch mcconnell calls joe biden. they get together, offers are traded back and forth, and presto, voila, they come up with a deal and they put it on the floor and it sets those thresholds at $400,000 and $450,000 and it's passed at 2:00 last night and so it comes to the house republicans who have met all morning. joe biden incidentally was back on the hill this morning meeting behind closed doors with democrats who are pretty much bystanders to a republican political train...
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biden has brokered 11th-hour deals with the republican leader in the past. mcconnell's appeal came just hours after the president appeared on "meet the press" and called out republican leaders by name. >> congress has not been able to get this stuff done, not because democrats in congress don't want to go ahead and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit as part of an overall deficit reduction package. >> nbc's capitol hill correspondent kelly o'donnell is live on capitol hill. kelly o., i'm looking at the clock, we are now 14 hours and 58 minutes from going over the fiscal cliff. let's outline -- >> reporter: but who's counting, right, chris? >> yeah, who's counting? let's go over for people, what remains unresolved? it seems like two weeks ago they were pretty well set on the basic parameters of this thing, so let's talk about what's left to deal on? >> reporter: well, there are some significant differences, but
biden has brokered 11th-hour deals with the republican leader in the past. mcconnell's appeal came just hours after the president appeared on "meet the press" and called out republican leaders by name. >> congress has not been able to get this stuff done, not because democrats in congress don't want to go ahead and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans...
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so he reached out to vice president biden. biden engaged. and what looked like a stalemate yesterday really has begun to move forward overnight, the two on the phone late into the evening until midnight i am told working out the details of a compromise. their staffers on the phone into the early morning hours. folks here at the white house up quite late as well. so it looks like some type of compromise is starting to form that would include increasing taxes on those making $450,000 or less. remember president obama wanted that threshold at 250,000. house speaker john boehner wanted it much higher at about a million dollars. this is somewhere in between. also, an extension of the unemployment insurance benefits. they're still hashing out some of the final details but it does appear as though the vice president was key in helping these negotiations to move forward. >> the negotiations go on there, kristen, we are watching the senate floor as they discuss the very details of that and debate it. keith, to you on this. political pointing out, bid
so he reached out to vice president biden. biden engaged. and what looked like a stalemate yesterday really has begun to move forward overnight, the two on the phone late into the evening until midnight i am told working out the details of a compromise. their staffers on the phone into the early morning hours. folks here at the white house up quite late as well. so it looks like some type of compromise is starting to form that would include increasing taxes on those making $450,000 or less....
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to the vice president and said, perhaps joe biden could help jump start things. that's where we are now. there was a lot of fatigue and weariness as the day went on the without a package for members to consider. there was a lot of back and forth, as you know, about different elements of a potential deal and what was angering one side or another. what we expected now is, barring some late night breakthrough which seems unlikely, we would hear from the senate tomorrow, late morning, get a sense where they are, if they're any further along, and then if there is a package, it would be revealed to each side, meaning the house and the senate, let members take a look at it, and gauge if they're ready to go and vote on it. it is the final day of the year tomorrow. and so the time could not be any shorter. and that's putting pressure on everyone involved. we just don't have a sense if there is optimism, but at least we're told they are still talking. chris? >> obviously, vice president biden has not been involved in these negotiations up until now. do we know why the whit
to the vice president and said, perhaps joe biden could help jump start things. that's where we are now. there was a lot of fatigue and weariness as the day went on the without a package for members to consider. there was a lot of back and forth, as you know, about different elements of a potential deal and what was angering one side or another. what we expected now is, barring some late night breakthrough which seems unlikely, we would hear from the senate tomorrow, late morning, get a sense...
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and biden will see his pay go go up to $231,900. speaker boehner will make $224,600. that's $30,000 more than the pay of senate and house majority and minority leaders. those raises maybe good news for congress. but the rest of america won't be so happy when they see their paycheck next year. it's almost certain that the government will not extend the payroll tax holiday. that means a 2% tax increase for every last one of us. joining me is gerald bernstein, a senior fellow at the center of budget and policy priorities. get the title out. let's get to business. why are we not talking about this? talking about the cliff, but everybody's taxes going up with the payroll tax holiday. >>ith a great question, t.j. an important and underappreciated part of the fiscal cliff. the answer to the why is it really doesn't have any champions. when you hear the list of things people fighting for, estate tax, you hear the unemployment extension, things like that. you don't even hear this listed anymore. i know for a fact that the white house was fighting for this. they understand how
and biden will see his pay go go up to $231,900. speaker boehner will make $224,600. that's $30,000 more than the pay of senate and house majority and minority leaders. those raises maybe good news for congress. but the rest of america won't be so happy when they see their paycheck next year. it's almost certain that the government will not extend the payroll tax holiday. that means a 2% tax increase for every last one of us. joining me is gerald bernstein, a senior fellow at the center of...
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of course vice president biden was in there. >> do you support the bill? >> this is not new information. yes, i would support the bill. >> how many democrats would not support the bill? >> i don't have that count. i think it really -- i would hope and expect that this is a bipartisan bill. that's what the american people have been asking us to do is to find a way to protect the middle class in this country, to provide certainty for the markets and actually for all of us both consumers and investors and get it done. don't go over this cliff. take care of particularly the tax provisions in this legislation. we will have other opportunities to discuss and will be implementing either sequester an alternative. that's a trillion dollars in spending cuts we've committed to. the notion we haven't dealt with spending. we know we need some tax revenues. this is a compromise. >> we've got a minute left here, congress woman -- >> something we have to vote on. i'm saying. >> you want it to come to the floor on an up or down vote. >> absolutely. >> in it doesn't come up
of course vice president biden was in there. >> do you support the bill? >> this is not new information. yes, i would support the bill. >> how many democrats would not support the bill? >> i don't have that count. i think it really -- i would hope and expect that this is a bipartisan bill. that's what the american people have been asking us to do is to find a way to protect the middle class in this country, to provide certainty for the markets and actually for all of us...
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this deal brokered by vice president biden and the republican leader mitch mcconnell. house republicans huddled this morning, house democrats huddled this morning. joe biden made another trip, his 1ekd second to two days to sell democrats on the proposal. not a lot of problems as far as we know although there are people on the left who say the president is giving up too much in terms of the income threshold over which people's taxes would rise, but putting that aside, more significantly, house speaker john boehner and the majority leader, the number two in the house, huddled their troops. we started to get reports out of that meeting that there was a lot of dissatisfaction not only with the tax hike, which after all is a tax cut today. as of midnight tonight we're talking about cutting taxes, but the spending. not enough spending cuts in this bill to satisfy house republicans. eric cantor has come out against the bill and so the question is now how will the house act? if they choose to amend the bill and put in spending cuts, it's got to be sent back to the senate, and
this deal brokered by vice president biden and the republican leader mitch mcconnell. house republicans huddled this morning, house democrats huddled this morning. joe biden made another trip, his 1ekd second to two days to sell democrats on the proposal. not a lot of problems as far as we know although there are people on the left who say the president is giving up too much in terms of the income threshold over which people's taxes would rise, but putting that aside, more significantly, house...
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. >> senator, joe biden is, of course, president of the senate. he has a constitutional role. he could cast a deciding vote and he is currently on the side of the administration in beating badge challenges to the filibuster in federal court. at least this vice president has taken some stands here, hasn't he? >> well, not if terms of the framework of what we're about to do. and indeed, we would be as vice president, he could do a couple of things on a constitutional issue. he can say those are by normal protocol referred to the body. so if you have 51 members who vote, that becomes the ruling. so he can either make a ruling himself and then we sustain or overturn it or he can turn the ruling back to the body, which is what was done in 1975. >> understood. steve is going to give us our last question today. >> sort of a skeptical one. even people appreciate the idea of what you're doing. i think the point is you get the talking filibuster. it will be a novelty at first. some people on c span 2 would get a kick out of watching it, but senate floor time is so precious, democrats, y
. >> senator, joe biden is, of course, president of the senate. he has a constitutional role. he could cast a deciding vote and he is currently on the side of the administration in beating badge challenges to the filibuster in federal court. at least this vice president has taken some stands here, hasn't he? >> well, not if terms of the framework of what we're about to do. and indeed, we would be as vice president, he could do a couple of things on a constitutional issue. he can say...
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say we are working through the weekends and training mcconnell and biden on the phone and the president involved. really to take christmas off facing the fiscal cliff in a week shows how little optimism there is. >> i completely agree. we spent many late nights in the capital and is it doesn't seem like that is going to happen. >> amazing that they washed their hands of it. thank you so much for coming. check out shark week. the best drummer on capitol hill. next, president bush forced to spend christmas in the hospital. after suffering setbacks in his recovery, we will have the latest on his condition. new details about the christmas eve ambush of firefighters. what the gunman's final words were. today's trivia question, before bernie sanders, who was the last self-identified socialist to serve in congress? the first correct answer will get a file wednesday from us. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's
say we are working through the weekends and training mcconnell and biden on the phone and the president involved. really to take christmas off facing the fiscal cliff in a week shows how little optimism there is. >> i completely agree. we spent many late nights in the capital and is it doesn't seem like that is going to happen. >> amazing that they washed their hands of it. thank you so much for coming. check out shark week. the best drummer on capitol hill. next, president bush...
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biden has his own commission regarding it, but there is a worry amongst some folks once time passes, once we get past the state of the union, this could fizzle out. knowing how much gun control has talked about -- >> not going to happen. >> why not? why is it going to stay a pertinent part of the conversation in the public going forward? >> i think the public has been shocked and their conscience has been put on the carpet here with this one, and the totality of newtown, aurora, tucson, a number of others, this just bizarre situation out of webster, new york, guy sets a fire, firefighters come and he basically tries to take target practice and picks off a number of them, killing two, injures another two, damaging other people's homes. i guess, you know, out of last week's bizarre press statement, it wasn't a press conference, i guess mr. lapierre would then say firefighters need to have armed guards go with them. i think it just shows that was a completely dumbass idea from the start, the announcement last week. we need to ban assault weapons. we need to ban the high-capacity clips a
biden has his own commission regarding it, but there is a worry amongst some folks once time passes, once we get past the state of the union, this could fizzle out. knowing how much gun control has talked about -- >> not going to happen. >> why not? why is it going to stay a pertinent part of the conversation in the public going forward? >> i think the public has been shocked and their conscience has been put on the carpet here with this one, and the totality of newtown,...
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just a few minutes, vice president joe biden speaking in hawaii lieutenant governor schatz. ko coming up, why the governor ignored the death bed wishes of the senator asking for someone else to fill the seat. mark murray will join me live. >>> plus, that massive winter storm blamed for killing 15 as it creates more trouble for travel everies returning home from the holidays. >>> russia's president says he, quote, doesn't see any reasons he shouldn't sign a bill banning americans from adopting russian children. don't forget as always, join the conversation. we are on twitter. there's our handle right there. we'll be right back. new years clutter is no match for someone with big ideas. with a new project in mind, some how-to knowledge to give us an edge, and more savings down every aisle. it only takes a few twists and turns for those bright ideas to make the new year even brighter. more saving. more doing. that's the power of the home depot. start fresh and save with hdx 20 gallon totes, a special buy at just $5.88 a piece. [ sniffs ] i took dayquil but my nose is still runny
just a few minutes, vice president joe biden speaking in hawaii lieutenant governor schatz. ko coming up, why the governor ignored the death bed wishes of the senator asking for someone else to fill the seat. mark murray will join me live. >>> plus, that massive winter storm blamed for killing 15 as it creates more trouble for travel everies returning home from the holidays. >>> russia's president says he, quote, doesn't see any reasons he shouldn't sign a bill banning...
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control enacted or not, but i do suspect that if there is, that will be the area that vice president biden may very well focus. by the way, let me just say that would have done nothing, as you know, to prevent the tragedy that happened recently, but still and all, i think you have a valid point. >> but some of the measures we talked about i believe would have had an impact on some of the other incidents we've seen over the last several years. it strikes me that the conversation is so distorted when people are waiting eight and nine hours to vote and yet we're saying people can't be asked to wait five days for a gun and i think a lot of people don't realize that once you have that background check, those records are destroyed after 24 hours. >> but also as we're getting further and further away from the newtown tragedy, i hope people don't lose their sense of what it means to that community and what the impact has been on that community. we're going to have these sausage making conversations about common sense gun safety versus gun control versus the nra. i hope we keep the national tragedi
control enacted or not, but i do suspect that if there is, that will be the area that vice president biden may very well focus. by the way, let me just say that would have done nothing, as you know, to prevent the tragedy that happened recently, but still and all, i think you have a valid point. >> but some of the measures we talked about i believe would have had an impact on some of the other incidents we've seen over the last several years. it strikes me that the conversation is so...
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jared bernstein, former chief economist to vip biden, as well as a contributor. i want to start with the new statement from senator mitch mcconnell's office coming out says last night he called other lead serious. the leader is happy to review what the president has in mind, but to day date the majority has not put forward a plan. jared, is that good they're actually speaking, however far apart as it may sound, at least they're talking? >> it's a bit good. better to be talking than north. the unfortunate thing are the words they're saying. i don't hear much compromise or kind of conciliation in the statements we've heard thus far. i do hear a lot of theatrics, you go first, no you go first. it's strange to say the democrats haven't put forth any legislation on this, because in fact they have. in fact, a democratic majority in the senate passed a bill that's pretty similar to the compromise that the president was offering before he left for hawaii. that's the tax rates are froch for 250,000 and below, they go up for the top 2%, sequester gets kicked down the road,
jared bernstein, former chief economist to vip biden, as well as a contributor. i want to start with the new statement from senator mitch mcconnell's office coming out says last night he called other lead serious. the leader is happy to review what the president has in mind, but to day date the majority has not put forward a plan. jared, is that good they're actually speaking, however far apart as it may sound, at least they're talking? >> it's a bit good. better to be talking than north....
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Dec 24, 2012
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especially if vice president joe biden and this inter-agency task force with muster enough support for it? >> it may be that there's more interest in a high capacity magazine ban. now, of course, it's interesting to hear a republican like kay bailey hutchison saying she's willing to look at that time. of course, she's leaving the senate. we haven't heard a lot of talk about high capacity megazeenz from other republicans who will be around. so, you know, the two things, that may have more prospect of passing. the trick with the assault weapons ban is going to be this. there was one ten years ago. there's no agreement on whether it was effective or not. the advocates say it was. some studies say it's hard to describe whether there's any decrease in crime. the other thing is the term assault weapons, of course, is arbitrary. what the advocates of voelz of restrictions say is that any weapon, any semiautomatic rifle that has a military style design and a detachable magazine and certain other features should be classed as an assault weapons ban and restricted. the trick is how do you do tha
especially if vice president joe biden and this inter-agency task force with muster enough support for it? >> it may be that there's more interest in a high capacity magazine ban. now, of course, it's interesting to hear a republican like kay bailey hutchison saying she's willing to look at that time. of course, she's leaving the senate. we haven't heard a lot of talk about high capacity megazeenz from other republicans who will be around. so, you know, the two things, that may have more...
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Dec 27, 2012
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in joe biden's language, will the fever break by the time the president is sworn in again for his second term? because if it doesn't, then whatever you see in the first week of trading now is going to be nothing, nothing compared to how global markets will react come the end of january. >> there's obviously a new congress coming in. does the composition in the new congress, can anybody figure out what happens there? >> well, i mean, numerically, it's more favorable to democrats, right? the house will still be controlled by john boehner. so you still have that divided congress. but the calculation is not, you know, a numerical one. it's the idea that if they go home -- first if they go home for christmas break, they'd feel the pressure, but it doesn't seem like that's coming. if they go over the cliff and they do mess with the debt ceiling, that people are going to get freaked and spooked because you'll start hearing stories about social security recipients facing the prospect of smaller checks from the government, unemployment insurance completely dried up, payroll tax cut is a big thing
in joe biden's language, will the fever break by the time the president is sworn in again for his second term? because if it doesn't, then whatever you see in the first week of trading now is going to be nothing, nothing compared to how global markets will react come the end of january. >> there's obviously a new congress coming in. does the composition in the new congress, can anybody figure out what happens there? >> well, i mean, numerically, it's more favorable to democrats,...